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ASSOCIATED BANC-CORP（ASB）与AeroVironment Inc（AVAV）财务数据对比。点击上方公司名可切换其他公司
AeroVironment Inc的季度营收约是ASSOCIATED BANC-CORP的1.2倍（$472.5M vs $383.0M），ASSOCIATED BANC-CORP净利率更高（31.2% vs -3.6%，领先34.9%），过去两年AeroVironment Inc的营收复合增速更高（59.1% vs 9.1%）
联合银行集团（Associated Banc-Corp）是美国区域性银行控股公司，总部位于威斯康星州格林贝，深耕美国中西部地区，主营零售银行、商业银行、商业地产贷款、私人银行及特色金融服务，在威斯康星州、伊利诺伊州、明尼苏达州设有220多个营业网点，覆盖100多个社区，还在印第安纳、密歇根等多州设有贷款办事处。
AeroVironment是1971年由人力飞机设计师保罗·麦克里迪创立的美国国防科技企业，总部位于弗吉尼亚州阿灵顿，专注于自主系统、反无人机系统及航天系统的研发制造，为美国国防部及多国军方供应渡鸦、弹簧刀、黄蜂、美洲狮等系列中小型无人机产品。
ASB vs AVAV — 直观对比
营收规模更大
AVAV
是对方的1.2倍
$383.0M
净利率更高
ASB
高出34.9%
-3.6%
两年增速更快
AVAV
近两年复合增速
9.1%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $383.0M | $472.5M |
| 净利润 | $119.6M | $-17.1M |
| 毛利率 | — | 22.0% |
| 营业利润率 | — | -6.4% |
| 净利率 | 31.2% | -3.6% |
| 营收同比 | — | 181.9% |
| 净利润同比 | 566.6% | -875.1% |
| 每股收益（稀释后） | $0.70 | $-0.34 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ASBAVAV
| Q1 26 | $383.0M | — | ||
| Q4 25 | $310.0M | $472.5M | ||
| Q3 25 | $305.2M | $454.7M | ||
| Q2 25 | $300.0M | $275.1M | ||
| Q1 25 | $285.9M | $167.6M | ||
| Q4 24 | $270.3M | $188.5M | ||
| Q3 24 | $329.7M | $189.5M | ||
| Q2 24 | $321.8M | $197.0M |
净利润ASBAVAV
| Q1 26 | $119.6M | — | ||
| Q4 25 | $137.1M | $-17.1M | ||
| Q3 25 | $124.7M | $-67.4M | ||
| Q2 25 | $111.2M | $16.7M | ||
| Q1 25 | $101.7M | $-1.8M | ||
| Q4 24 | $-161.6M | $7.5M | ||
| Q3 24 | $88.0M | $21.2M | ||
| Q2 24 | $115.6M | $6.0M |
毛利率ASBAVAV
| Q1 26 | — | — | ||
| Q4 25 | — | 22.0% | ||
| Q3 25 | — | 20.9% | ||
| Q2 25 | — | 36.5% | ||
| Q1 25 | — | 37.7% | ||
| Q4 24 | — | 39.1% | ||
| Q3 24 | — | 43.0% | ||
| Q2 24 | — | 38.4% |
营业利润率ASBAVAV
| Q1 26 | — | — | ||
| Q4 25 | 52.6% | -6.4% | ||
| Q3 25 | 50.5% | -15.2% | ||
| Q2 25 | 46.5% | 5.0% | ||
| Q1 25 | 42.3% | -1.8% | ||
| Q4 24 | -65.8% | 3.7% | ||
| Q3 24 | 32.8% | 12.2% | ||
| Q2 24 | 32.0% | 3.0% |
净利率ASBAVAV
| Q1 26 | 31.2% | — | ||
| Q4 25 | 44.2% | -3.6% | ||
| Q3 25 | 40.9% | -14.8% | ||
| Q2 25 | 37.1% | 6.1% | ||
| Q1 25 | 35.6% | -1.0% | ||
| Q4 24 | -59.8% | 4.0% | ||
| Q3 24 | 26.7% | 11.2% | ||
| Q2 24 | 35.9% | 3.1% |
每股收益（稀释后）ASBAVAV
| Q1 26 | $0.70 | — | ||
| Q4 25 | $0.80 | $-0.34 | ||
| Q3 25 | $0.73 | $-1.44 | ||
| Q2 25 | $0.65 | $0.59 | ||
| Q1 25 | $0.59 | $-0.06 | ||
| Q4 24 | $-1.10 | $0.27 | ||
| Q3 24 | $0.56 | $0.75 | ||
| Q2 24 | $0.74 | $0.18 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | $588.5M |
| 总债务越低越好 | — | $747.5M |
| 股东权益账面价值 | $5.0B | $4.4B |
| 总资产 | $45.6B | $5.6B |
| 负债/权益比越低杠杆越低 | — | 0.17× |
8季度趋势，按日历期对齐
现金及短期投资ASBAVAV
| Q1 26 | — | — | ||
| Q4 25 | — | $588.5M | ||
| Q3 25 | — | $685.8M | ||
| Q2 25 | — | $40.9M | ||
| Q1 25 | — | $47.0M | ||
| Q4 24 | — | $69.0M | ||
| Q3 24 | — | $81.2M | ||
| Q2 24 | — | $73.3M |
总债务ASBAVAV
| Q1 26 | — | — | ||
| Q4 25 | $1.0B | $747.5M | ||
| Q3 25 | $594.1M | $747.5M | ||
| Q2 25 | $593.5M | $30.0M | ||
| Q1 25 | $591.4M | $25.0M | ||
| Q4 24 | $1.4B | $15.0M | ||
| Q3 24 | $844.3M | $17.5M | ||
| Q2 24 | $536.1M | $28.0M |
股东权益ASBAVAV
| Q1 26 | $5.0B | — | ||
| Q4 25 | $5.0B | $4.4B | ||
| Q3 25 | $4.9B | $4.4B | ||
| Q2 25 | $4.8B | $886.5M | ||
| Q1 25 | $4.7B | $861.1M | ||
| Q4 24 | $4.6B | $858.4M | ||
| Q3 24 | $4.4B | $845.5M | ||
| Q2 24 | $4.2B | $822.7M |
总资产ASBAVAV
| Q1 26 | $45.6B | — | ||
| Q4 25 | $45.2B | $5.6B | ||
| Q3 25 | $44.5B | $5.6B | ||
| Q2 25 | $44.0B | $1.1B | ||
| Q1 25 | $43.3B | $1.0B | ||
| Q4 24 | $43.0B | $1.0B | ||
| Q3 24 | $42.2B | $999.2M | ||
| Q2 24 | $41.6B | $1.0B |
负债/权益比ASBAVAV
| Q1 26 | — | — | ||
| Q4 25 | 0.20× | 0.17× | ||
| Q3 25 | 0.12× | 0.17× | ||
| Q2 25 | 0.12× | 0.03× | ||
| Q1 25 | 0.13× | 0.03× | ||
| Q4 24 | 0.31× | 0.02× | ||
| Q3 24 | 0.19× | 0.02× | ||
| Q2 24 | 0.13× | 0.03× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $-45.1M |
| 自由现金流经营现金流 - 资本支出 | — | $-55.9M |
| 自由现金流率自由现金流/营收 | — | -11.8% |
| 资本支出强度资本支出/营收 | — | 2.3% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $-240.7M |
8季度趋势，按日历期对齐
经营现金流ASBAVAV
| Q1 26 | — | — | ||
| Q4 25 | $218.1M | $-45.1M | ||
| Q3 25 | $158.0M | $-123.7M | ||
| Q2 25 | $141.5M | $-264.0K | ||
| Q1 25 | $98.2M | $-25.8M | ||
| Q4 24 | $207.1M | $-3.6M | ||
| Q3 24 | $105.1M | $28.4M | ||
| Q2 24 | $113.5M | $-11.7M |
自由现金流ASBAVAV
| Q1 26 | — | — | ||
| Q4 25 | — | $-55.9M | ||
| Q3 25 | — | $-146.5M | ||
| Q2 25 | — | $-8.8M | ||
| Q1 25 | — | $-29.6M | ||
| Q4 24 | — | $-8.7M | ||
| Q3 24 | — | $22.9M | ||
| Q2 24 | — | $-20.8M |
自由现金流率ASBAVAV
| Q1 26 | — | — | ||
| Q4 25 | — | -11.8% | ||
| Q3 25 | — | -32.2% | ||
| Q2 25 | — | -3.2% | ||
| Q1 25 | — | -17.7% | ||
| Q4 24 | — | -4.6% | ||
| Q3 24 | — | 12.1% | ||
| Q2 24 | — | -10.5% |
资本支出强度ASBAVAV
| Q1 26 | — | — | ||
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 5.0% | ||
| Q2 25 | — | 3.1% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 2.9% | ||
| Q2 24 | — | 4.6% |
现金转化率ASBAVAV
| Q1 26 | — | — | ||
| Q4 25 | 1.59× | — | ||
| Q3 25 | 1.27× | — | ||
| Q2 25 | 1.27× | -0.02× | ||
| Q1 25 | 0.97× | — | ||
| Q4 24 | — | -0.48× | ||
| Q3 24 | 1.19× | 1.34× | ||
| Q2 24 | 0.98× | -1.93× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ASB
| Net Interest Income | $307.2M | 80% |
| Noninterest Income | $75.9M | 20% |
AVAV
| Services | $130.2M | 28% |
| Cost Plus | $95.8M | 20% |
| Uncrewed Aircraft Systems | $89.8M | 19% |
| Space And Directed Energy | $53.2M | 11% |
| Non U.s.Government | $42.2M | 9% |
| TM | $31.9M | 7% |
| Other | $30.7M | 7% |
